<SEC-DOCUMENT>0001140361-25-044389.txt : 20251204
<SEC-HEADER>0001140361-25-044389.hdr.sgml : 20251204
<ACCEPTANCE-DATETIME>20251204172215
ACCESSION NUMBER:		0001140361-25-044389
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251204
DATE AS OF CHANGE:		20251204

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TORONTO DOMINION BANK
		CENTRAL INDEX KEY:			0000947263
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		EIN:				135640479
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-283969
		FILM NUMBER:		251550665

	BUSINESS ADDRESS:	
		STREET 1:		66 WELLINGTON STREET WEST
		STREET 2:		12TH FLOOR, TD TOWER
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M5K 1A2
		BUSINESS PHONE:		416-944-6367

	MAIL ADDRESS:	
		STREET 1:		66 WELLINGTON STREET WEST
		STREET 2:		12TH FLOOR, TD TOWER
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M5K 1A2

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TORONTO DOMINION BANK
		CENTRAL INDEX KEY:			0000947263
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		EIN:				135640479
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		66 WELLINGTON STREET WEST
		STREET 2:		12TH FLOOR, TD TOWER
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M5K 1A2
		BUSINESS PHONE:		416-944-6367

	MAIL ADDRESS:	
		STREET 1:		66 WELLINGTON STREET WEST
		STREET 2:		12TH FLOOR, TD TOWER
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M5K 1A2
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>ef20060163_fwp.htm
<DESCRIPTION>GUIDEBOOK
<TEXT>
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    <div style="text-align: right;"> <font style="color: rgb(0, 0, 0); font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; text-indent: 0px; text-transform: none; word-spacing: 0px; white-space: normal; text-decoration-style: initial; text-decoration-color: initial; font-weight: 700; background-color: rgb(255, 255, 255); float: none; display: inline ! important;">Filed Pursuant to Rule 433</font><br style="color: rgb(0, 0, 0); font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; text-indent: 0px; text-transform: none; word-spacing: 0px; white-space: normal; text-decoration-style: initial; text-decoration-color: initial; font-weight: 700; background-color: rgb(255, 255, 255);">
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          <td style="width: 100%; vertical-align: middle; background-color: #F2F2F2;">
            <div style="color: rgb(1, 33, 105); font-size: 14pt;">STEP INCOME SECURITIES<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174; </sup>(STEPS<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup>)</div>
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            <td colspan="1" style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(255, 255, 255);">&#160;</td>
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              <div style="color: rgb(1, 33, 105); font-size: 10pt;">STEP Income Securities&#174; Linked to the Common Stock of Corning Incorporated</div>
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              <div style="font-size: 7.5pt; font-weight: bold;">Issuer</div>
            </td>
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              <div style="font-size: 7.5pt;">The Toronto-Dominion Bank (&#8220;TD&#8221;)</div>
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          <tr>
            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 1%;">&#160;</td>
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              <div style="font-size: 7.5pt; font-weight: bold;">Principal Amount</div>
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              <div style="font-size: 7.5pt;">$10.00 per unit</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 1%;">&#160;</td>
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              <div style="font-size: 7.5pt; font-weight: bold;">Term</div>
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              <div style="font-size: 7.5pt;">Approximately one year and one week</div>
            </td>
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              <div style="font-size: 7.5pt; font-weight: bold;">Market Measure</div>
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            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: top; width: 1%;">&#160;</td>
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              <div style="font-size: 7.5pt;">The Common Stock of Corning Incorporated (Bloomberg symbol: &#8220;GLW&#8221;)</div>
            </td>
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            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 1%;">&#160;</td>
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              <div style="font-size: 7.5pt; font-weight: bold;">Interest</div>
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            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: top; width: 1%;">&#160;</td>
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              <div style="font-size: 7.5pt;">12.00% per year, payable quarterly</div>
            </td>
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          <tr>
            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 1%;">&#160;</td>
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              <div style="font-size: 7.5pt; font-weight: bold;">Payout Profile at</div>
              <div style="font-size: 7.5pt; font-weight: bold;"> Maturity</div>
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            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: top; width: 1%;">&#160;</td>
            <td style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-right: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: top; width: 88%;">
              <div style="text-indent: -18pt; margin-left: 21.25pt;"><font style="font-size: 7.5pt;">&#8226;</font><font style="text-indent: 0px; font-size: 6pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;</font><font style="font-size: 7.5pt;">A payment of [$0.10 to $0.60]
                  per unit if the Market Measure increases to or above 112.00% of the Starting Value</font></div>
              <div style="text-indent: -18pt; margin-left: 21.25pt;"><font style="font-size: 7.5pt;">&#8226;</font><font style="text-indent: 0px; font-size: 6pt;" class="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;</font><font style="font-size: 7.5pt;">1-to-1 downside exposure to
                  decreases in the Market Measure, with up to 100.00% of your principal at risk</font></div>
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            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 1%;">&#160;</td>
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              <div style="font-size: 7.5pt; font-weight: bold;">Step Level</div>
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            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: top; width: 1%;">&#160;</td>
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              <div style="font-size: 7.5pt;">112.00% of the Starting Value of the Market Measure</div>
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          <tr>
            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 1%;">&#160;</td>
            <td style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-right: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 10%;">
              <div style="font-size: 7.5pt; font-weight: bold;">Step Payment</div>
            </td>
            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: top; width: 1%;">&#160;</td>
            <td style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-right: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: top; width: 88%;">
              <div style="font-size: 7.5pt;">[$0.10 to $0.60] per unit, a [1.00% to 6.00%] return over the principal amount, to be determined on the pricing date</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 1%;">&#160;</td>
            <td style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-right: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 10%;">
              <div style="font-size: 7.5pt; font-weight: bold;">Threshold Value</div>
            </td>
            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: top; width: 1%;">&#160;</td>
            <td style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-right: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: top; width: 88%;">
              <div style="font-size: 7.5pt;">100.00% of the Starting Value</div>
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          </tr>
          <tr>
            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 1%;">&#160;</td>
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              <div style="font-size: 7.5pt; font-weight: bold;">Preliminary</div>
              <div style="font-size: 7.5pt; font-weight: bold;"> Offering</div>
              <div style="font-size: 7.5pt; font-weight: bold;"> Documents</div>
            </td>
            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: top; width: 1%;">&#160;</td>
            <td style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-right: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: top; width: 88%;">
              <div style="font-size: 7.5pt;">
                <div style="color: rgb(0, 0, 255);"><a href="https://www.sec.gov/Archives/edgar/data/947263/000114036125044368/ef20060162_424b2.htm">http://www.sec.gov/Archives/edgar/data/947263/000114036125044368/ef20060162_424b2.htm</a></div>
              </div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 1%;">&#160;</td>
            <td style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-right: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 10%;">
              <div style="font-size: 7.5pt; font-weight: bold;">Exchange Listing</div>
            </td>
            <td colspan="1" style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-left: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 1%;">&#160;</td>
            <td style="background-color: rgb(242, 242, 242); border-bottom: 1px solid rgb(255, 255, 255); border-right: 1px solid rgb(255, 255, 255); border-top: 1px solid rgb(255, 255, 255); vertical-align: middle; width: 88%;">
              <div style="font-size: 7.5pt;">No</div>
            </td>
          </tr>

      </table>
      <div>
        <div style="text-align: justify; margin-top: 2pt; font-size: 7.5pt; font-style: italic; font-weight: bold;">You should read the relevant Preliminary Offering Documents before you invest. Click on the Preliminary Offering Documents hyperlink above
          or call your Financial Advisor for a hard copy.</div>
        <div style="text-align: justify; margin-top: 2pt; color: rgb(0, 0, 0); font-size: 7.5pt; font-weight: bold;">Risk factors</div>
        <div style="text-align: justify; font-size: 7.5pt;">Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:</div>
      </div>
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              <td style="width: 3.35pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; font-size: 7.5pt;">&#8226;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 7.5pt;">Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.</div>
              </td>
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              <td style="width: 3.35pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; font-size: 7.5pt;">&#8226;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 7.5pt;">Payments on the notes are subject to the credit risk of TD, and actual or perceived changes in the creditworthiness of TD are expected to affect the value of the notes. If TD becomes unable to meet its
                  financial obligations as they become due, you may lose some or all of your investment.</div>
              </td>
            </tr>

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              <td style="width: 3.35pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; font-size: 7.5pt;">&#8226;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 7.5pt;">Your investment return is limited to the return represented by the periodic interest payments over the term of the notes and the Step Payment, if any, and may be less than a comparable investment directly in
                  the Market Measure.</div>
              </td>
            </tr>

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              <td style="width: 3.35pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; font-size: 7.5pt;">&#8226;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 7.5pt;">The initial estimated value of the notes on the pricing date will be less than their public offering price.</div>
              </td>
            </tr>

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            <tr>
              <td style="width: 3.35pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; font-size: 7.5pt;">&#8226;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 7.5pt;">The initial estimated value of your notes is not a prediction of the prices at which you may sell your notes in the secondary market, if any exists, and such secondary market prices, if any, will likely be
                  less than the public offering price of your notes, may be less than the initial estimated value of your notes and could result in a substantial loss to you.</div>
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              </td>
              <td style="width: 18pt; vertical-align: top; font-size: 7.5pt;">&#8226;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 7.5pt;">You will have no rights of a holder of the Market Measure, and you will not be entitled to receive any shares of the Market Measure or dividends or other distributions by the issuer of the Market Measure.</div>
              </td>
            </tr>

        </table>
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              <td style="width: 3.35pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; font-size: 7.5pt;">&#8226;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 7.5pt;">We, MLPF&amp;S, BofAS and our and their respective affiliates do not control the Underlying Company and are not responsible for any disclosure made by the Underlying Company.&#160; The Underlying Company will have
                  no obligation relating to the notes.</div>
              </td>
            </tr>

        </table>
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            <tr>
              <td style="width: 3.35pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; font-size: 7.5pt;">&#8226;</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-size: 7.5pt;">The Redemption Amount will not be adjusted for all corporate events that could affect the Market Measure.</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 7.5pt; font-style: italic;">The final terms of the notes will be set on the pricing date within the given range. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax
          disclosure.</div>
      </div>
      <div>
        <div style="color: rgb(0, 0, 0); font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
          <div style="font-size: 7.5pt;"> <br>
          </div>
          <div style="font-size: 7.5pt;">TD has filed a registration statement (including a product supplement and a prospectus) with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) for the offering to which this term sheet relates. Before you
            invest, you should read the Note Prospectus, including this term sheet, and the other documents that TD has filed with the SEC, for more complete information about TD and this offering. You may get these documents without cost by visiting EDGAR
            on the SEC website at www.sec.gov. Alternatively, TD, any agent, or any dealer participating in this offering will arrange to send you these documents if you so request by calling MLPF&amp;S or BofAS toll-free at 1-800-294-1322.</div>
        </div>
        <div style="color: rgb(0, 0, 0); font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">
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